SME
IPO ·
BSE SME
Vivekanand Cotspin Ltd
Listed
Incorporated in July 2015, Vivekanand Cotspin Limited processes cotton and manufactures yarn through ginning and spinning, including trading.
Issue details
Price band
₹32 – ₹37
Face value
₹10
Lot size
3,000 shares
Minimum investment
₹2,22,000
Issue size
₹22.20 Cr
Fresh issue
₹21.09 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
21 Sep 2026
Closes
23 Sep 2026
UPI mandate cut-off
5:00 PM on 23 Sep 2026
Allotment
24 Sep 2026
Refunds
25 Sep 2026
Shares in demat
25 Sep 2026
Listing
28 Sep 2026
Subscription and listing
Subscription
1.54x
Listing price
₹38
Registrar
MUFG Intime India Pvt Ltd
Lead manager
Swastika Investmart
Subscription by category
Total
1.54x
Total applications
679
Anchor investors
Amount raised
₹6.29 Cr
Bid date
18 Sep 2026
50% lock-in ends
24 Oct 2026
Rest lock-in ends
24 Dec 2026
Listing day
Issue price
₹37
Open
₹38.00
High
₹39.90
Low
₹38.00
Day close
₹39.90
Listing gain at open
+2.70%
Issue structure
Shares reserved per category and share of the total issue
QIB
28,35,000
47.25%
Anchor Investor
17,01,000
28.35%
QIB (Ex. Anchor)
11,34,000
18.90%
NII
8,55,000
14.25%
bNII > ₹10L
5,67,000
9.45%
sNII < ₹10L
2,88,000
4.80%
Retail
20,10,000
33.50%
Market Maker
3,00,000
5.00%
Total
60,00,000
100.00%
Finaccle’s quick read
Avoid
FY26 income up 41%, PAT down 9%, ROE 15.96%, D/E 1.56, post-issue P/E 22.84x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in July 2015, Vivekanand Cotspin Limited processes cotton and manufactures yarn through ginning and spinning, including trading. The company's products include cotton bales, seeds, and yarn. The company operates in two primary areas: cotton ginning and spinning. The company focuses on spinning clean cotton fibres into yarn. The company focuses on cotton yarn, offering carded and combed options for domestic and international markets. Vivekanand Cotspin caters to various industries needing high-quality yarn for fabric production and exporting beyond India.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
15.96%
ROCE
13.14%
Debt / equity
1.56
PAT margin
0.90%
P/E post issue
22.84
Market cap
₹84.17 Cr
Use of IPO money
Funding for capital expenditure requirement towards installation of additional plant and machinery
₹5.27 Cr
To meet Working Capital requirements
₹11.00 Cr
General Corporate Purposes
₹3.24 Cr
Issue Expenses
₹2.69 Cr
Strengths
✓
Revenue up 41% in FY26 to ₹409.32 Cr
✓
ROE of 15.96% and ROCE of 13.14%
Risks to watch
!
PAT fell 9% in FY26
!
Thin PAT margin of 0.90%
!
High leverage: debt to equity 1.56
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.